We won't know what hard red spring wheat and durum acres will total until the 31 March USDA report. Opinions are mixed today with seed dealers continuing to say there are a large number of northern Plains acres that remain "open" or undecided.Much has been written and discussed about the potential U.S. corn and soybean 2015/16 supply/demand outlooks. The soybean outlook is bearish, assuming U.S. farmers plant 2-3 million more soybean acres and yields are at least average. Corn's outlook can start to turn slightly friendly if U.S. farmers plant 1.5-2 million fewer corn acres than in 2014 and yields don't set another record. Corn ending supplies should decline in 2015/16.Not much of anything has been written about the wheat situation. That's...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.